Nikola Signs MoU With OPAL Fuels For Hydrogen Fueling Stations

by Shivani Kumaresan, Benzinga Staff Writer

September 30, 2021 2:56 PM | 1 min read | Make a Comment

Nikola Corp NKLA has entered into a Memorandum of Understanding with OPAL Fuels LLC to develop, construct, and operate hydrogen fueling stations in North America. The financial terms of the proposed deal were not disclosed.
The parties will also collaborate on the use of renewable natural gas (RNG) in hydrogen production.
Under the agreement, Nikola and OPAL Fuels will co-develop and co-market hydrogen refueling infrastructure to accelerate the adoption of heavy-duty zero-emission fuel-cell electric vehicles (FCEV).
Nikola and OPAL Fuels will also identify and evaluate opportunities to establish public access hydrogen stations.
Price Action: NKLA shares are trading higher by 2.03% at $10.825 on the last check Thursday.

Posted In: News Contracts Movers Trading Ideas Briefs

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.